The identity theft protection measures known as the “Red Flag Rules” will not apply to physicians, attorneys and accountants, thanks to legislation passed by the US Congress and signed by President Obama in late December 2010. (more…)
Posts Tagged ‘identity theft’
Do Red Flag Rules apply to Physicians, Attorneys or Accountants?
Wednesday, December 29th, 2010Have Red Flag Rules been delayed again?
Friday, July 30th, 2010At the request of several members of Congress. the Federal Trade Commission has delayed the compliance deadline for “Red Flag” rules, which require businesses to implement anti-identity theft policies. Originally scheduled to become effective January 1, 2008, the rules have been granted a series of extension by the FTC. The latest moves the deadline from June 1, 2010, to December 31, 2010. (more…)
Should I worry about Red Flag Rules?
Wednesday, May 26th, 2010On June 1, the Federal Trade Commission begins enforcing “Red Flag” rules, which require businesses to implement anti-identity theft policies. Created through Fair and Accurate Credit Act of 2003, the regulations require businesses that extend credit to consumers to develop a written policy that identifies warning signs and suspicious activities (i.e., red flags) of possible identity theft, and tactics to address and prevent it. If your business defers payment for goods or services, you must follow the Red Flag rules. (more…)
